digital gold investments
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India has one of the biggest gold markets and is the second-largest consumer of gold worldwide. Buying real gold has long been the traditional and most popular investment method. However, digital gold investments are quickly becoming a popular alternative.

How Do I Get Digital Gold?

Digital gold is a simple way to invest in gold without holding it in your hands. When you buy digital gold online, the same amount of actual gold is kept in a safe, insured vault.

One great thing about digital gold is that it is easy to get. You can start investing with costs as low as ₹11. You can also sell some or all of your gold at the current market price, giving you more options. The gold bought in this digital form is 24K and has been certified by the government. This makes sure it is pure and lowers the risk of fraud.

Why Investing In Digital Gold Is A Good Idea

There are several benefits to investing in digital gold:

1. Safe Storage

The ABCD App offers a key benefit of digital gold without any worries. Your gold is kept safe in a vault. Also, since you do not physically hold it, there is no risk of loss or theft.

2. There Is No Minimum Investment Amount Needed.

Digital gold is open to everyone. You can buy gold for as little as ₹11, so there is no minimum amount you can invest. Because of this, people can invest in gold based on their wealth, which makes it a good choice for both small and large investors.

3. Collateral For Loans Number

You can use digital gold as collateral if you want to borrow money. It is 24K pure and stored safely in vaults, so many lenders will accept it. Using digital gold as collateral can make getting a loan easier by reducing paperwork and the chance of being turned down.

4. Ease of Exchange

One of its best features is that digital gold is easy to convert. You can trade digital gold for real gold, coins, or bars anytime. This is very helpful for people who want to hold physical gold in the future. You can even have the gold sent right to your door.

5. Promise of Purity

Since digital gold is made of 24K gold, it is 99.99% pure. This eliminates any doubts about the investment’s authenticity or worth. You get what you pay for, and there is no chance of fraud.

6. Taxation

In India, taxes on physical and digital gold are identical, subject to short- and long-term capital gains tax rates of 3% (plus cess). However, digital gold becomes eligible for long-term capital gains after just three years, unlike the five-year holding period required for physical gold.

Digital gold is a flexible and safe investment. It confirms authenticity and reduces risk. You can avoid physical storage, cutting theft or damage risks. Imagine owning part of a gold bar, safely stored without storage worries. This method offers convenience and peace of mind.

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